Bank of America
Susan G. Komen® Customized Cash Rewards Visa® credit card from Bank of America
Key Features
| Annual Fee | $0.00 |
| Sign-up Bonus | $200 cash rewards bonus offer |
| Rewards Rate | Up to 6% Cash Back |
| Intro APR | 0% Intro APR for your first 15 billing cycles for purchases, and for any balance transfers made within the first 60 days of opening your account. After the intro APR offer ends, a Variable APR that's currently 17.49% to 27.49% will apply. 3% Intro balance transfer fee for the first 60 days your account is open. After the intro balance transfer fee offer ends, the fee for all future balance transfers is 5%. |
| Regular APR | 17.49% - 27.49% variable |
| Other Fees | 3% of each transaction intro balance transfer fee for the first 60 days your account is open. After the intro balance transfer fee offer ends, the fee for all future balance transfers is 5%. |
| Network | Visa |
About this card
The Susan G. Komen® Customized Cash Rewards Visa® credit card from Bank of America earns an overall rating of 3.9, placing it firmly in the 'Good' category, and leaning towards 'Excellent' for specific users. This card stands out primarily due to its outstanding rewards program for a no-annual-fee card, offering an exceptional 6% cash back in a chosen category during the first year (then 3%), a solid $200 sign-up bonus, and a 0% introductory APR for 15 billing cycles. The absence of an annual fee significantly enhances its value proposition, making it a highly attractive option for everyday spending, especially for those who can maximize the bonus categories and pay their balance in full. However, the card's main detractor is its potentially high regular APR, ranging from 17.49% to 27.49%. While the lower end is competitive, the upper end is quite steep, which could significantly diminish the card's value for cardholders who frequently carry a balance. The ongoing balance transfer fee of 5% is also on the higher side. The quarterly spending cap on bonus categories, while common, is a limitation for high spenders. Despite these drawbacks, the card benefits from Bank of America's strong reputation and the added appeal of its charitable contribution to the Susan G. Komen foundation. For Bank of America Preferred Rewards members, the earning potential is even higher, making it a very strong contender. Its overall value, particularly for responsible spenders who pay their balances on time, positions it as a very solid choice among cash back cards, balancing strong rewards and no annual fee against its higher potential interest rates.
Pros & Cons
What's great
- No annual fee
- Intro APR period
- Generous sign-up bonus
- High rewards rate
- Cashback on purchases
- Rotating bonus categories
Things to consider
- High regular APR
- High balance transfer fee
- Limited rewards categories
What this card offers
Sign-up bonuses
- Plus, a $200 online cash rewards bonus offer.
- Online $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening.
Rewards
- 6% cash back in the category of your choice – for the first year.
- Earn 3% cash back + 3% first-year cash back bonus in the category of your choice
- Automatic 2% cash back at grocery stores and wholesale clubs
- Unlimited 1% cash back on all other purchases
- Earn 6% and 2% cash back on the first $2,500 in combined purchases each quarter in the choice category, and at grocery stores and wholesale clubs, then earn unlimited 1% thereafter. After the 3% first-year bonus offer ends, you will earn 3% and 2% cash back on these purchases up to the quarterly maximum.
Other features
- We block potential fraud if abnormal patterns are detected and let you know if we suspect fraudulent activity. Plus, you always get a $0 Liability Guarantee for fraudulent transactions
- Now with chip technology for enhanced security and protection when making purchases at chip-enabled terminals in over 130 countries.
- An optional service to help prevent declined purchases, returned checks or other overdrafts when you link your eligible Bank of America® checking account to your credit card. Transfer fees may apply.
- Opt for paperless credit card statements and increase account security while reducing paper consumption.
- Discover more ways to pay by adding your Bank of America® credit card to your mobile device then shop in-store or in-app using Apple Pay®, Google Pay™ or Samsung Pay.
- Access to our award-winning Online and Mobile Banking. Bank on the go from almost anywhere quickly and securely. Pay your credit card bill online, transfer funds, check available credit and more.
- Stay on top of your balances and due dates. Choose from several types of customer email or text alerts and let your phone tell you when payments are due and paid.
- Now, when you opt-in you can access your FICO® Score updated monthly for free, within your Mobile Banking app or in Online Banking.
Additional Notes
Susan G. Komen® has received more than $14 million from Bank of America from the program since 2009. From January 1, 2021 through December 31, 2026, Bank of America guaranteed to Susan G. Komen® $3 million in conjunction with its Pink Ribbon Banking program. For each new Susan G. Komen Customized Cash Rewards credit card from Bank of America that is used to make a transaction within, and remains open for, the first 90 days of account opening, Komen receives $3 and 0.08% of all retail purchases (less returns) made with the card. For example, 8 cents for every $100. Komen also receives $3 for each renewal of a card that was in good standing during the 12 month period and does not have a zero balance at the time of renewal.